ASSETS
Current Assets
Cash
28,120
$
Accounts Receivable
21,235
Inventory
106,793
Total Current Assets
156,148
$
Property and Equipment
Furniture & Fixtures
3,245.81
Equipment
950,945.76
Vehicles
60,873.98
Building
870,000.00
Building Improvements
33,789.32
Accumulated Depreciation
(681,335.72)
Total Property and Equipment
1,237,519
$
Other Assets
Loan Costs
8,517
Accumulated Amortization-Loan
(7,300)
Investment - Biocor
10,000
Total Other Assets
11,217
$
Total Assets
1,404,884
$
LIABILITIES AND CAPITAL
Current Liabilities
Accounts Payable
447,557
Short Term Note Payable
100,000
Total Current Liabilities
547,557
$
Long-Term Liabilities
Long-Term Debt
716,701
The ISSUED AND OUSTANDING SHARES for Naturally
Iowa, Inc. (NLIA) as of 3/31/2010 is:
Naturally Iowa Inc.
Balance Sheet
March 31, 2010
249,410,962
Notes Payable
244,500
Total Long-Term Liabilities
961,201
$
Total Liabilities
1,508,758
$
Capital
Preferred Stock Par Value
1,900
Common Stock Par Value
247,511
Capital over par
1,000,534
Retained Earnings
(1,671,190)
Appraisal Surplus
369,534
Net Income
(52,163)
Total Capital
(103,874)
$
Total Liabilities & Capital
1,404,884
$
1st Qtr 2010
Year to Date
Revenues
Sales
25,148
$
25,148
$
Other Income
3,949
3,949
Total Revenues
29,097
$
29,097
$
Total Cost of Sales
$6,966
$6,966
Gross Profit
22,131
$
22,131
$
Expenses
Wages Expense
$0
$0
Contracted Services
$36,501
$36,501
Dues & Fees
$932
$932
Bank Service Charge Expense
$55
$55
Finance Charges
$678
$678
Board of Directors Expense
$200
$200
Insurance
$7,281
$7,281
Worker's Comp Insurance Exp
$633
$633
Interest
$11,426
$11,426
Legal & Professional
$3,715
$3,715
Meals & Entertainment
$91
$91
Office Expense
$997
$997
Property Tax
$501
$501
Postage/Shipping/Freight
$788
$788
Repairs & Maintenance
$90
$90
Telephone
$1,192
$1,192
Marketing/Website/Advertising
$1,979
$1,979
Travel
$3,847
$3,847
Utilities
$822
$822
Depreciation Expense
$2,565
$2,565
.
Total Expenses
$74,293
74,293
$
Naturally Iowa Inc.
Income Statement
For the Three Months Ending March 31, 2010
